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cryptoonchain
Jul 5, 2022 9:51 PM
triangle pattern and hidden divergence
BITSTAMP:BTCUSD
1D
Bitcoin / U.S. dollar
Bitstamp
Description
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Jul 5, 2022 9:51 PM
Bitcoin seems to be forming a descending triangle pattern with a hidden bearish divergence. This will probably be followed by a breakdown. Wait for the breakout of the triangle pattern for confirmation or rejection
Trend Analysis
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Comments
aaronrtan
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Jul 5, 2022 10:17 PM
Not necessarily. Price could go up to neutralize the divergence.
DONATI5142
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Jul 5, 2022 10:16 PM
Think it's more the top right CNR...
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